What is the Market, Liquidity and Asset Liability Management Risk Manager (MLARM) Certificate?

Overview

Market, Liquidity and Asset Liability Management may seem like an odd combination; however, in some of their original underlying areas and through the outcome of the recent financial crisis, they have become much more closely aligned. Both Market Risk and Asset Liability Management have interest rate risk as one of their underlying elements, and Asset Liability Management provides a mechanism to align these areas.

PRMIA's MLARM Certificate is designed to deliver a deep, practical understanding of these areas of risk management, their frameworks, and various measurement methodologies in financial institutions. Successful candidates will be better prepared to implement the processes, procedures and policies around these areas, as well as gain a deep overview of the related tools and techniques. In addition, they must commit to further uphold the highest professional and ethical standards as defined by the PRMIA Standards of Best Practice, Conduct and Ethics

The MLARM Certificate is relevant to all risk-related roles in financial services, in particular Market Risk Staff, Treasury Staff, Financial Controllers and those managing the balance sheet, Technology Managers, and Compliance and Legal Officers. Also, a grounding in Market, Liquidity and Asset Liability Management techniques is becoming increasingly important for front line staff, both from a process perspective in their dealings with clients and market counterparts.

Key Learning Objectives

Gain an appreciation for the role of Market Risk, Liquidity Risk and Asset Liability Management in a post-crisis financial services industry

Understand and apply the underlying principles of Market Risk

Describe the elements of Market Risk Governance and the benefits of such an approach

Gain an understanding of Market Risk Measurement and Management

Gain an understanding of Market Risk in the Trading Book with a focus on the Business-Specific Context of the equity, fixed income, forex and commodity markets.